The Interest Charged on a ¥150,000,000 Note Payable, at the Rate

question 271

Multiple Choice

The interest charged on a ¥150,000,000 note payable, at the rate of 6%, on a 60-day note would be

• A) ¥9,000,000.
• B) ¥5,000,000.
• C) ¥2,250,000.
• D) ¥1,500,000.

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